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26 March 2025
| Name: | INTERNATIONAL CONTRACT MANUFACTURING LIMITED (INC) |
| Date of Delisting: | 30 August 2001 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 30 August 2001.Legal Status:
ACN: 072 278 687ABN: 26 072 278 687
Registration Date: 22 December 1995
Deregistration Date: 01 August 2006
Capital Gains Tax (CGT) Status:
This entity was deregistered on 01 August 2006. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
the company is deregistered | 01/08/2006 |
receivers advise they have almost completed their administration - there will be no return to unsecured creditors or to shareholders - Bill Cotter of Knights Insolvency Administration has been appointed Liquidator | 05/08/2004 |
receivers are now in the final stages of their administration and retiring as receivers - control of the company will pass to the second secured creditor to whom the receivers have remitted surplus funds - the second secured creditor will incur a significant shortfall based on information available to the receivers and therefore it is highly unlikely that any funds will be available for unsecured creditors or shareholders | 14/02/2004 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 05/02/2004 |
there have been no changes re the status of the company - the receivers are moving to finalise their administration as quickly as possible following settlement of litigation - there will be a large shortfall to the second secured creditor and receivers do not know, at this point, what further action they will take ie. appoint a receiver or liquidator | 28/09/2003 |
seeking update | 25/09/2003 |
receivers advise the issues are being resolved - there will be no return to shareholders and we have asked the receivers to advise of the possible timing for the company to go into liquidation | 22/07/2003 |
receivers advise that all of the physical assets have been realised - the only known other potential recoveries are from debt recovery actions being taken against former clients of ICM - whilst these are potentially significant if successful, current indications are that any amounts recovered will not be sufficient to repay the claims of the secured creditors in full - consequently it is highly unlikely that any funds will be available for distribution to unsecured creditors or shareholders - given that the debt recoveries involve litigation no timetable can be provided for when the receiver will retire - it could be in excess of a further 12 months if the matters are not settled | 24/02/2003 |
receivers issue a letter saying there is not likely to be any return to shareholders - but as the outcomes depend on litigation it will be some time before the exact position is known | 31/07/2002 |
still realising assets for benefit of secured creditor | 31/07/2002 |
suggestion by receivers that control may be returned to directors when their job is completed | 31/07/2002 |
further litigation underway | 27/07/2002 |
company vacated leased premises in North Ryde | 18/10/2001 |
business unable to be sold as a going concern - remaining plant and stock sold by public auction | 09/10/2001 |
company delisted | 30/08/2001 |
delisted due to failure to pay annual listing fee | 30/08/2001 |
business effectively closed prior to appointment of receivers on 23 July 2001 | 23/07/2001 |
directors request that secured creditor appoints a receiver | 23/07/2001 |
RA Ferguson and KW Skinner of Deloittes appointed receivers and managers on behalf of NAB | 23/07/2001 |
company's shares suspended from trading | 12/07/2001 |
the company is deregistered | 01/08/2006 |
receivers advise they have almost completed their administration - there will be no return to unsecured creditors or to shareholders - Bill Cotter of Knights Insolvency Administration has been appointed Liquidator | 05/08/2004 |
receivers are now in the final stages of their administration and retiring as receivers - control of the company will pass to the second secured creditor to whom the receivers have remitted surplus funds - the second secured creditor will incur a significant shortfall based on information available to the receivers and therefore it is highly unlikely that any funds will be available for unsecured creditors or shareholders | 14/02/2004 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 05/02/2004 |
there have been no changes re the status of the company - the receivers are moving to finalise their administration as quickly as possible following settlement of litigation - there will be a large shortfall to the second secured creditor and receivers do not know, at this point, what further action they will take ie. appoint a receiver or liquidator | 28/09/2003 |
seeking update | 25/09/2003 |
receivers advise the issues are being resolved - there will be no return to shareholders and we have asked the receivers to advise of the possible timing for the company to go into liquidation | 22/07/2003 |
receivers advise that all of the physical assets have been realised - the only known other potential recoveries are from debt recovery actions being taken against former clients of ICM - whilst these are potentially significant if successful, current indications are that any amounts recovered will not be sufficient to repay the claims of the secured creditors in full - consequently it is highly unlikely that any funds will be available for distribution to unsecured creditors or shareholders - given that the debt recoveries involve litigation no timetable can be provided for when the receiver will retire - it could be in excess of a further 12 months if the matters are not settled | 24/02/2003 |
receivers issue a letter saying there is not likely to be any return to shareholders - but as the outcomes depend on litigation it will be some time before the exact position is known | 31/07/2002 |
still realising assets for benefit of secured creditor | 31/07/2002 |
suggestion by receivers that control may be returned to directors when their job is completed | 31/07/2002 |
further litigation underway | 27/07/2002 |
company vacated leased premises in North Ryde | 18/10/2001 |
business unable to be sold as a going concern - remaining plant and stock sold by public auction | 09/10/2001 |
company delisted | 30/08/2001 |
delisted due to failure to pay annual listing fee | 30/08/2001 |
business effectively closed prior to appointment of receivers on 23 July 2001 | 23/07/2001 |
directors request that secured creditor appoints a receiver | 23/07/2001 |
RA Ferguson and KW Skinner of Deloittes appointed receivers and managers on behalf of NAB | 23/07/2001 |
company's shares suspended from trading | 12/07/2001 |
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